Attachments: Cable Update (GBPUSD)

Cable Update (GBPUSD)

#77,261
Jul 23, 2008 2:04pm Jul 23, 2008 2:04pm

bkg102665
Joined Jun 2008 | Status: Trader | 1,318 Posts

Got out of my long with 13 pips, will what and see what happens in the early morning. Any solid predictions out there?

Please ask questions and share your experiences with us all!

#77,262
Jul 23, 2008 2:09pm Jul 23, 2008 2:09pm

nAVIN2007
Joined Dec 2007 | Status: mac daddy junior :) | 20,899 Posts

Quoting bkg102665

Disliked

Got out of my long with 13 pips, will what and see what happens in the early morning. Any solid predictions out there?

Ignored

yeah have to be carefull otherwise might lose account

i got out of the short ....better to be safe than sorry ..closed out for 7 pips profit .........lol

#77,263
Jul 23, 2008 2:20pm Jul 23, 2008 2:20pm

asyed4
| Joined Aug 2007 | Status: Trader | 508 Posts

Quoting poweredbuyer

Disliked

I think most people are out. Cable Closed below 2.000 confirms further downside to 198.50 - 198.70 before a rise back up.

How come I can't post my charts? .. Anyone else having an issue with the "attach" function?

Ignored

I think Cable is still bullish as it is closed above 1.9983 level and FXCM is also agrees with my prediction which is
Our preference: Long positions above 1.9945 with targets @ 2.003 & 2.0075 in extension.

Alternative scenario: Below 1.9945 look for further downside with 1.9897 & 1.984 as targets.

Comment: The RSI is mixed and calls for caution.
http://www.tradingcentral.com/chart/...0723155255.GIF

Retail sales news will make the difference around 4:30 am eastern time because if the news would come out in red then the cable will be easily sitting at 1.9850 area or further down BUT if the news would come out in green then it will be sitting at 2.0150 area by opening of US Session on Thursday.

Have a nice trading everybody, it is time to go to GYM SeYa around 1:45 am Eastern time. I will possibly be doing the OCO (one cancel others) for buy order and sell order because I am not sure about the news, I will probably have 80 Pips for Sell order stop loss and about 40 pips for Buy order stop loss for 4:30 am Retail Sales news,

Alqaz.

#77,264
Jul 23, 2008 2:21pm Jul 23, 2008 2:21pm

AmeriTrini
Joined Apr 2007 | Status: USF Statistics | 2,248 Posts

Quoting allserene

Disliked

They could pull out of Iraq - that would do it - and it would pull gas prices and inflation down - bet they haven't thought of that one though

Ignored

Tell me how much sense does it make to completely destroy a country only to have to rebuild it, with your own money?

#77,265
Edited 2:40pm Jul 23, 2008 2:29pm | Edited 2:40pm

LuckyLurker
Joined May 2007 | Status: 2 + 2 = 5 | 1,031 Posts

Quoting AmeriTrini

Disliked

Tell me how much sense does it make to completely destroy a country only to have to rebuild it, with your own money?

Ignored

Ya makes no sense at all unless you purposely drive down the currency you are borrowing to pay for the war, pay it back with BS spiffs and goodies, then drive that $ back up after it's all history. Strategically it makes perfect sense.

At the end of the day US now has bases in yet another country in the middle east. For free.

-Just wanted to add to my free statement ( Monetarily free ) . life is precious and thats not what im talking about with free. This is not to my approval, just my opinion of how it really is. All life is precious, I do not mean to offend anyone.

USD Est Non Mortuus

#77,266
Jul 23, 2008 2:35pm Jul 23, 2008 2:35pm

fx local
| Joined Dec 2007 | Status: Senior Member | 1,461 Posts

Quoting LuckyLurker

Disliked

Ya makes no sense at all unless you purposely drive down the currency you are borrowing to pay for the war, pay it back with BS spiffs and goodies, then drive that $ back up after it's all history.

Ignored

pure insanity, politics and big bad business for you i guess

Trading is 80% Emotional, 20% Technical